As the result of the expansion of your client BWS Ltd, the chairman has approached you...

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As the result of the expansion of your client BWS Ltd, the chairman has approached you to serve as a director for the current year. The chairman believes that your financial expertise will be valuable in assisting the company through some difficult times. The company's constitution requires each director hold a minimum of 100 ordinary shares in the company. (3 Marks) Required: Identify any professional standards and regulatory requirements that may have been breached and give reason. As the result of the expansion of your client BWS Ltd, the chairman has approached you to serve as a director for the current year. The chairman believes that your financial expertise will be valuable in assisting the company through some difficult times. The company's constitution requires each director hold a minimum of 100 ordinary shares in the company. (3 Marks) Required: Identify any professional standards and regulatory requirements that may have been breached and give reason.